WBI (NYSE:WBI) Shares Gap Down – Should You Sell?

WBI (NYSE:WBI)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $33.19, but opened at $30.36. WBI shares last traded at $30.08, with a volume of 425,737 shares.

Analyst Ratings Changes

Several brokerages have issued reports on WBI. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Barclays raised their price objective on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Morgan Stanley raised their price target on WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wells Fargo & Company increased their price objective on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, WBI presently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

WBI Trading Down 11.3%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The business has a 50-day moving average price of $29.26. The stock has a market capitalization of $3.63 billion and a P/E ratio of 117.24.

WBI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s payout ratio is 80.00%.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.